–
The US Securities and Exchange Commission (SEC) has sued entrepreneur John McAfee for promoting ICO projects on Twitter, and the US Department of Justice has filed tax evasion charges. McAfee has already been arrested in Spain and is facing extradition.
SEC charges John McAfee with fraudulently touting ICOs https://t.co/2oUnozOZwS
— SEC_News (@SEC_News) October 5, 2020
The SEC claims McAfee made more than $ 23.1 million in advertising for at least seven token sales that sold “digital securities.” According to the plaintiff, McAfee’s statements misled investors.
what a prince pic.twitter.com/xO4ZqW4RaT
— Palley (@stephendpalley) October 5, 2020
The entrepreneur, the SEC stressed, did not publicly disclose that he received remuneration from issuers, lied about the degree of his involvement in projects, and also used unfair trading practices, selling assets after active advertising (for example, scalping).
The department did not forget to remind about McAfee’s controversial promiserelated to his genitals and the price of bitcoin.
Data: CourtListener.
–
The second defendant in the case was Jimmy Gail Watson Jr., McAfee’s bodyguard.
SEC requires from McAfee to return illegally earned funds, prepares fines and a ban on participation in the sale of digital securities. The case will be considered by the Court of the Southern District of New York.
For each of the five cases of evasion indicated in the Justice Ministry’s charges, he faces up to five years in prison.
John McAfee Indicted for Tax Evasion — Allegedly Hid Cryptocurrency, a Yacht, Real Estate and Other Properties in Nominee Names to Evade Taxeshttps://t.co/6hcFNmLhBW
— Justice Department (@TheJusticeDept) October 5, 2020
Recall that in June 2018, the entrepreneur promised not to promote the ICO due to the “SEC threats”.
Subscribe to ForkLog news on Telegram: ForkLog Feed – the entire news feed, ForkLog – the most important news and polls.
Found a mistake in the text? Select it and press CTRL + ENTER
– .
